Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Problem is, they counted the rentals for the smoke machine and all the mirrors as part of the GDP, then stiffed the company who rented it and counted the legal fees as part of GDP. And when the company went out of business, they counted bankruptcy court payrolls as part of GDP. And when the next company bought their assets, they found that the smoke machine was sent back to China, and the mirrors were all too broken...but they found ways to count the shipping costs and the insurance auditors invoice as GDP.

There's more trillions gone than there is production in the world, it was part of our great GDP, but it still is a debt to someone.

There's no emollient left to make a bubble with. But note, the USians just took delivery of a new aircraft carrier on 10 Jan
($6.2 billion), they've another in production (only $5.1 billion) and dumped nearly $400 million onto Northrop to start designs on the next one. So things must not be really all that bad. Why do we need a banking system when we has gots the aircraft carriers. Your Industry New

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Jan 22nd, 2009 at 09:01:38 PM EST
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